1940-04-31 — Page 10

On Shangnal:--

COMMODITY MÄRKET

PAGE 10-HONGKONG. DAILY PRESS

FOREIGN MARKETS AND QUOTATIONS

MONEY AND EXCHANGE

CLOSING QUOTATIONS

MAY 30, 1940.

On London:--

Telegraphic

Transfer. 179 7/8

Bank Bills, en demand 1/8 7/8 Credits 4 months' aight 1.33/1

On demand. .......................... 350

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE' BUILDING

HONGKONG

FINANCE

י,

NEW YORK STOCK EXCHANGE

MAY 10, 1940. STOCKS

Adams Express

Allled Stores

い

QUOTATION

(REUTER'S SERVICE)

Lakey Foundry & Mac......

Last Sale

MAY 30, 1940. STOCKS.

May 29

Laat Bale May 29

Kennecott Copper

273:

Alleghany Steel Co.

18

3...

51

Libbey-Owens-Ford

Glass 331

"Allis Chalmers

2++

Lockheed Aircraft

291

Aluminium Ltd.

551

Loew's Inc.

12

Amer. Can

991"

Loft Incorperated

181

American, Cyanamid B.

30%

Mack Truck Inc.

20

Proprietors

$20,000,000

REVIEW

"Amer, & Foreign Power

1

Martin, Glen L

33

On Singapore:-

Amer & Foreign 37 pt.

141

McKesson & Robbins, pft., ISI

Head Ofee. HONG KONG

On demand

62 3/4

(FROM PAYNE & CO.)

American Gas & Elec.

271

Monsanto Chemical

901

On Japani-

Amer, Locomotive

117

Montgomery Ward

367

On demand

83 34

New York. May 29, 1940.

יו

On India:-

Telegraphic

Transfer.

SINGAPORE RUBBER

Previous May 29

Closing Opening Closing Change

Amer. Metals Co.

18

National Aviation

104

Amer.. Radiator

5)

Nat. Dairy Products

131

89 1/2

Amer. Rolling Mill

104

and demand

Buyers

Buyers

Nat, Distillers

19.

On New York:-

SPOT

36-1/4

36 cts.

38.3/4

up 1/2

Amer. '8'ting and R'lng Co.

352

National Gypsum

6

Bank Bills, on demand 19 3/8 Credits, 80 days sight 90 5/8

JULY-SEPT.

35-1/2

35-1/4

35-5/8

Amer, Sugar Refining .....

14

Board of Directors; " H. V. Wilkinson, Esq.,..

Chairman. Hon. Mr. J. J. Paterson,

Deputy Chairman, J. K. Bousfield, Esq.,

up 1/8

National Lead

151

OCT.-DEC.

34 cts.

33-3/4

34-1/B

up.1/8

Amer. Tel,

Tel.

118

A. B. Compton, Esq.,

Nat Power & Light

8

Amer. Tobacco "B"

731

Hon. Mr. S. H. Dodwell,

National Steel Corp.

504

On Batavia:-

On demand

'38 3/4

"Afte: ruijng easier, the market became steady. LONDON RUBBER

G. Miskin, Esq.,

Amer. Waterworki

6)

National Supply Corp. .....

5

E. S. Morrison, Esq.

FRIDAY, MAY 31, 1940.

BANKS

HONGKONG & SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital.............. $50,000,000 |

INDIA, AUSTRALIA AND CHINA

Isaned & Fully Paid-Up $20,000,000 Incorporated by Royal Charter, 1855

Reserve Funds: Sterling...

Paid Up Capital ........ £ 6,000,000 Reserve Fund......

.£3,000,000 ....£3,000,000

£3,000,000

H.K. Currency Reserve $10,000,000 Reserve Liability of Pro- Reserve Liability of

prietars

HEAD OFFICE:"LONDON: 38, Bishapagste E.0.1 Sub-Agencies In London: 117/189, Leadenhall Street, E.C.a West End Branch: 14/16, Cockapur Street, B.W.L Manchester Branch:

52, Mosley Street, Manchester, 2.

AGENCIES AND BRANCHES:

HAREIX

PENANG

HONG KONG' MANGOON

ALOR STAR AMRITSAR

Previous close Today's close

Anaconda CopperTM

214

New York Central

101

T. E. Pearce, Eaq,

MANGIOI

On Paris:-

Bank Bills, on demand 1000 Credits 4 months' sight 1150

On Saigon:-

On demand

buyers

buyers

Change

Atchison, T. & S. Fe.

143

Niagara Hudson Power ...

4

C. O. Roberta, Esq.,

MATAVIA

ILOILO IPOH

BAIGON

JIRIMBAN

SPOT

11-9/16

11-5/8

up 1/16

Aviation Corp. ....

51

N. American Aviation

171

Hon. Mr. A. E. Shield

BOMBAY

"XABACHI

SHANGHAI

| CALOUTTA

JUNE

11-9/18

11-5/8

up 1/16

Bacock & Wilcox

22

KLING

SINGAPOR

North American Co.....

16

Sir Vandeleur M. Grayburn,

AGENCIES: KDAR

BIT:AWAN

198 3/4

JULY-SEPT.

11-7/18

OCT.-DEC

11-1/8

11-9/16 11-3/16

up 1/8

up 1/18

Baldwin Lecometive Baltimore & Ohio

131

Northern Parific

5

Chief Manager, O KUALA

SOURABAYA

31

NAIBLIN, PLACI

Owens-linols "Glass Co....

44.

On Manila:-

"

CANTON

LUMPUR

TAIPING

On demand

........ 37 1/4

JAN.-MARCH

10-7/8

10.15/16

up 1/16

On Bangkok:--

"On demand

149 1/9

On Sterling Notes:-

NEW YORK

Quiet.

STERLING

Chicago Corn, Sept. New York Fides. June NEW YORK COTTON July

Bank Buying Rate...1/4.

Bar, Silver per oz.

Market Report

FROM ROZA, BROS. Suver prices were unchanged yesterday, the quotations remain- ing at 22 for Ready and 21.1/2 for Forward. Silver advices reported the market 4.5 being quiet and was small. featureless. Business The market was steady. American alter was quoted at 35.5/8 for

Apot.

The market was steady but quiet.

NEW YORK COTTON: The continued firmness of Spots and July futures strengthens dar bellef that July is heading above ten cents.

NEW YORK RUBBER: Rubber guessed at 51,000 tons.

CHICAGO WHEAT: There was some selling on expectation of large pilvate estimates,

NEW YORK STOCKS;, 115.24: Change. "up.98.

Previous close. 114.20; Today's close..

COMMODITY MARKET (REUTER'S SERVICE)

The London New York cross-New York Cotton, July rate was quoted at 402.1/2. New New York Rubber. July York/London was quoted at 320,

3/8.

MARKET

Chicago Wheat; Sept.

High Low Close Close Change

Prev. Today's

Barber Asphalt Co. Barnsdail On

Pacific Gas & Hee

201

Branches!

DAWNPORN

KUCHING

TIENTSIX

Pacific Lighting

37*

Amoy

Jobore

Bell Aircraft Corp.

172

Packard Motors

27

Bangkok Kobe,

Rangoon Saigon

CEBU

MADRAS

TONGKAH

Bendix Aviation

27+

Pan-American Airways ...

14

Batavia

Kowloon San

COLOMBO DELHI

MANILA

(Bhuket)

MIDAN

TAINGTAO:

Bethlehem Steel

691

Paramount Pictures ....

41

Bombay

Kuala

Francisco HAIPHONG

I

Bliss Co.

142

Calcutta

consumption during May is.

Boeing Airplane' Co.

Borg-Warner

Bridgeport Brass Corp. ...

เ

Briggs Mig.

Brooklyn-M'hattan Trans.

!

Brooklyn-Manhattan $6....

Budd M'facturing Corp.

Canadian Paoffic R'way

Case, JI.

Celanese

Chesapeake & Ohlo Chrysler Corpn...

Climax-Molybdenum Co.

Colts Patent Fire-Arms

Close 9.58/56

Opening

841 83 831 831 62) 611 621 613 9.66 9.60 9.50b 9.61

Closing'

9.67 9.56" 9.56 9.60 ,04 up 19.63 19.40 19.30 19.55

.25 up Jup off 11 up

Columbla Gas & Elec,

Columbia 6% "A" pl.

Commercial Credit Co.

Com, & Southem (@rd.)

Consolidated Edison

Change

Consolidated 01

9.58/58.

9.60/80

.04 up

Continental Can

9.76 N

9.78/79

9.80 N

.04. up

Continental Of

!!

October December ( January March

8.74/74

8.75/75

8.77/77

03, up

Copperweld Steel

8.61/64

8.64/64

8,66/66

.02 up

Corn Products

8.57 N

8.54b/57a

8.59 N

.02 up

Curtis Wright (C.)

f

8:44/44

8.45/45..

May

B.31/31

8.31/31

8,47/48. 8.34/34

כנן 03,

Curtiss Wright "A"

.03 up

Deere & Co.

Spot

10.39 N

10.43 N

.04 up

Distillers Corpn. Seagrams

Total sales Tuesday:-60,700 bales. NEW YORK RUBBER

Douglas Aircraft

Du Pont de Nemours

May

20.25/25

deleted

Eagle Picher Lead

July September

19.30 34

19.42b/503

Eaton Mfg. Co.

19.55/55

25 up

December

January

18.10/10 17.50 N 17.50 N

18.21/21 17.78/78 17.60b

19.36/36

.."25 up

Elec. Autolite

Elec. Bond & Share

-17.90/90

.30 up

17.80 N

Elec. Bond & Share $5 pf.

.30 up

Elec. Bond & Share $6 pr.

Elec. Power & Light 37 pf.

Fik Rubber

July September December

831/831

831/831

831/831

קט

-831/831 84/841

831/831

833/831

up

+3

844/843

$69

Firatkote

Gen. American Trans.

up

Gen. Electric

Tuesday's sales:-15,477,000 bushels.

Gen. Motors

CHICAGO CORN July September December

Gen. Railway Signal

631/631

63/53

623/823

A off

Gen. Tire & Rubber

621/621

621/62)

61/01

off

Glidden Co.

591/592

594/59

off."

Goodrich (B.F)

WINNIPEG WHEAT

Goodrich $5 pt.

May....

723/723

7416

2up

Goodyear Tire & Co.

July

732/733

731/732

751a

21 up

Great Northem Iron Ore

October

751/768

78ja

2 up

Great Northern Rly, pfd,

Great Western Sugar

NEW YORK HIDES

Greyhound Corpn.

June

September

9.50b/60a 9.74/74

9.60/66

9.81b/67a

11 up

Hercules Powder Co,

-9.85/86

9,36/87

.12 up

Homestake Mining

December

9.95b/10.00a 10.10/14 35-5/0

10.10/10

.15 p

International Harvester

35-5/8

Int Nickel

3.20-3/8

Inter. Paper & Power Int Tel, & Tel

Johns-Manville

London

-New York

Japan

India Paris

„Hongkong

Sterling

0/3-3/8

5-1/8

21-7/8

21-1/2 2.84 25-3/4

1939/40

High

No business was reported. There were sellers at 1/231/32 up to July New contract)

September, buyers at 1/3 for any. delivery.

U.S. DOLLARS "Nothing'doing. There were sellers at 19.15/16 up to first half of June and 19,7/8 June, buyers at 20 for Cash.

SHANGHAI DOLLÁRS

Sellers at 362.

SHANGHAI MARKET Sterling 4.9/64 sellers for Spot and US Dollars 5.17/32 sellers for Spot, Quiet.

S -AFTERNOON MARKET: The market was quiet in the afternoon,

STERLING

No business was reported, finish- ing with sellers at 1/2.31/32 up to September. buyers at 1/3 for any " delivery!

U.S. DOLLARS' Steadier. The market closed with sellers at 20 for near and 19.15/18 June, buyers probably at 20.1/13 for Cash and 20 for June.

SHANGHAI DOLLARS

Sellers at 361.

..

SHANGHAI MARKET Sterling at 4.9/04 for Spot.

Shanghai Exchange

shanghai, May 30 (Reuter):

Official TT. Rates

Spot

May

June

Spot

May

June

Opening"

Sellera

Opening Closing 074-9/64 0/4-9/64 0/4-9/64 0/4-9/64 0/3-63/84 0/3-63/64 U.S. Dollars'

$5-1/2 $5-9/16

5-1/2

5-9/16 5-5,16

5-1/4

Market:--Quiet. ·

Silver Duty Rate

The Central Bank of China's

rate on London at 10 a.m. today

was 1/2-1/2d.

Total sales:-510 tons. CHICAGO WHEAT

New York Official

NY-London, Cross Rate 3.17-3/4 ··

LONDON

STOCK

EXCHANGE

LONDON, May 30 (Reuter) On the Stock Exchange yesterday despite the paucity of business. zfit-edged holdings generally im- proved..

Industrials show some gains but many small losses were also re- cordea.

French "Government bonds were higher, and Japanese bonds de- clined.

AGRICULTURE TO BE SPEEDED UP

LONDON, May 30 (Reuter) Comprehensive plans for the

The Equalisation rate was 16 speeding up of home agricultural

per cent.

India Rupee Paper

Bombay, May 29 (Reuter). Govt. 31% Rupee. 88-04-0

Calcutta Exchange

Calcutta, May 29 (Router). TT. on Japan, 100-3/8. LONDON METALS

EXCHANGE London, May 29 (Reuter),

TIN

£

buyers Bellers

270-1/4

288-1/4

Standard, Cash .270 Standard,

3 months 268

RESERVE BANK OF J. & Laughlin Steel $7 pfd. 50a .

INDIA STATEMENT

Calcutta, May 29 (Reuter).

May 15 May 24

Notes in circulation (including Notes held in the Bank-

ing Department)... 25,308 25,500 Rupee Coin and Bul-

lion in India ....... 5.071 4,958 Gold Coin and Bul-

4,154 4.154

llon. In India Securities (Indian

Government). 3.945 4.052

Securities (British

Government)'

11,880 13,050

· SILVER MARKET

LONDON. SILVER London, May 29 (Reuter). Silver-Market quiet and tea- production are now under con- sideration by a special committee tureless Business small: In the. of the War Cabinet, says Réuter's afternoon... the market was steady. Lobby correspondent.

with amall buyers at the rate, but

It is expected that farm workers no offerings.

will be given a minimum 'weekly vage of 18 shillings.

To enable farmers to meet the extra cost the Government" will fix higher prices for most farm pro- duce, especially wheat

It is also proposed that every available acre of land be put into full production,

In order to ensure this compul- sory powers will be taken by the Govemment and used in cases where the maximum is not forth coming.

There is also Ekely to be an im- mediate comb-out of skilled land

Spot, 22d..

Forward, 21-1/2d, "

BOMBAY SILVER Bombay, May 29 (Reuter). offtake 600 bars,

of Indian Mint Silver Ready

July 2 Bettlement July 30 Settlement

03-04

63-07 63-11

workers from general industry.

It is believed that compulsion will be used if necessary......

Special attention is also being given to supplies of feeding stuffs for livestock

DOW JONES AVERAGE

Low Dow Jones Averages. May. 18, High Low Close Change 156.92.113 94 30 Industriais..

.99 up

35.90 29 13 20 Raila

U14.28 22.82

115.88 114.08 115.24

23.36 23.08 23.22

NEW

27.70 19.280 Utilities

38 22 8306 40 Bonds

18:31 .83.08

65 87 45.59 11 Commodity Index 52.24

11

19 01 18.49 18.80

83.34

62.51

.40 up

.49 up

.28 up

27 up

Business Done -860,000 shares

HANKOW Singapore

Haiphong (Johore) Tientsin

Mukden

Tokyo New York Tsingtao Peiping Yokohama Penang

(Peking)

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCounts opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.

SAVINGS ACCOUNT? also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in London

CURRENT ACCOUNTS opened LOCAL CUIERNCY and FIXED DEPOSIT received for year or shorter periods in Local and other Our- rencies on terms which will be undertakes Executor and Trustee business, and claims recovery of quoted on application.

British Income Tax overpaid, on tarma which may be ascertained at any of the Agencies and Branches.

R A CAMIDGE,

Manager.

Asao up to date BATE DEPOIs

Boxes in various sizes To LET Hong Kong, 28th February, 1940,

HONGKONG SAVINGS

BANK

THE CHASE BANK

The Business of the above Bank is, QUEEN'S ROAD, CENTRAL

For the HONGKONG & SHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 25th Feb., 1939,

BANK OF EAST ASIA, ·

·LIMITED

Authorised Capital......$10,000,000.03

Li Lan Sang, Esq. Wang Chu Son, Beg. Kan Ying Po, Esq. Fang Ping Wah Esq KAN TONG PO, ESQ., Chief Manager Li Taz Foxo, Esa.", Manager

P. E. Kwok, Esq, Wong Yun Tong, Esq. Chan Ching Shoe, Esq.

Branches and Agencies:-

Singapore Bones.beyn Bwatow

Malbourn Ban Fren. Sydney

ciso Tiantain

Shanybaj

་ས་

Every description of Banking and Exchange business transacted. Loans granted on approved securities.

HEAD OFFICE:

18, PINE STEKET,

NEW YORK. An American Bank offering com-

plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANE, NEW YORK, with Resouros of SYMĄ, U.S.$2,900,000,000.

D. M. BIGGAE,

Second Fios Pris.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT. OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL Ovín ȤiÑA) Owing to our numerous Branches in China and connections in the principal Commercial Contres of. the World, we are able to extend to our Clienti special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Offices:

KONGMOON TOISHAN

KINGCHOW

Current Accounts opened in Local Currency and Fixed Deposits re- CANTON ceived for one year or shorter SWATOW periods in Local and Foreign Out- SHIUCHOW. rencies on

terms.. which will be quoted on application

SATE DEPOSIT BOXES TO LET.'

KAN TONG PO,

Chief Manager.

INDO-CHINA

STEAM NAVIGATION COMPANY LTD,

Operating Services for Cargo and Passengers

TO-

SWATOW, SHANGHAI TSINGTAU, CHEVOO

and TIENTSIN

KOBE and OSAKA

SINGAPORE, PENANG and CALCUTTA

BANDAKAN

HAIPHONG..

All steamers berth alongside the Roosevelt Terminal in the French Concession at Shanghai, where passengert and cargo are landed.

For further partioniars

please apply to

JARDINE MATHESON&Co.,LTD. TELEPHONE 303IL GENERAL MANAGERS

We also handle the issue of Bonda and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU J. CHEN,

Manager.

THE KWANGTUNG, PROVINCIAL

BANK

(Incorporated in Chids) |

General Banking Fadlitkm naif Financial Agenta te The Provincial Government of Tigting... Head Office-Bklukwan, Kwangtang Province: "Hongkong Hranch-Queen's Bldg., 's Chater Bd. -

Usöle Addresses-"PROVINCIAŤ" 1020, 0452. Telephones:

20112, 20113, 20143, 20181, $1681. BRANCHES THROUGHOUT SOUTH CHINA Correspondents in Kew York and Londen Paid Up Capital ................ N$10,000,000. Beserve Capital

N$10,500,000.

AUYANG MANLY.

Hongkong Kanager,

Ajob?

WANT ADS

Pennsylvania P.R.

1796

Lumpur Shanghai

HAMBURG

NEW YORK PRIPING

TOKOHAMA

151

Canton

London

Phelps-Dodge

284

161

Chefoo

Lyons

Sourabaya

Philadelphia Read, Col

Colombo

Malacca

91"

Sungei

Phillips Petroleum

294

Dairen

Manila

15

Pittsburg Coke & Iron

5*

Foochow Mukr

Patani. Swatow

199

Pubile Service of NJ,

3311

104°

Pullman Inc.

181

3.

Bankow Harbin

Pure Oll

73

27

Iloilo

Radio Corpn, of Am.

41

.44"

Ipoh..

Reading Compary,

Com

104*

23

Remington Arms Co., Inc.

41*

327

in

Republic Aviation Corp.....

47

59

Republic Steel

151

304

Revere Cop & Brass Inc. ..

91

694"

Reynold Tobac. "B"

347

4

Richfeld O

61

TO

Safeway Stores

371"

32

Schenley Distillers

81

15/16

Sears Roebuck

641

244

Shell Enton Oil

3

Socony-Vacunum Oil

73

354

Southern Pacific

77

183

Southern Rly $5 prd.

154

1711

Sperry

381

452

Spicer Manufacturing Co. "25

81

is conducted by the HONGKONG

Standard Brands

51

241

Stand Gas & Elec,

11.

153

& SHANGHAI BANKING COR PORATION, Bules may be obtain-

Standard Oil of California

171

ed on application.

13

Standard 0 of NJ. imet

301

76

Stone & Webster

B

154

Studebaker Com.

81

81

Swift International

171

283

Technicolo:

101

23

Texas CorpIL

34

41

Texes Gulf Sulphur

2011

501

Timken-Axle

191

591

23.

Trans-America Co.

4+

20th Cent. Fox

57

101"

20th Cent. Fox, $14 pf.

147

Paid-Up Capital

6,898,600.00

114

Union Bag & Paper Corp.

101

Reserve and Undivided

372

Union Carbide

Carbon

'63

Profits

.2,983, 201.50.

291

Union Pacific

781

40

United Aircraft.

4271

11

United Airlines Trans

141

Head Office:-HONG KONG No. 10 Des Voeux Road, Central.

11

121

United Corpn,

11

11

United Corpn. $3 cum pf. 301

Board of Directors:

United Gas Corpn.

1

SIR SHOUSON CHOW, Chairman

451*·

144

United Gas Improvement

103

Là Koon Chan, Esq.

US., Industrual Alcohol

16

131

U.S. Rubber

18

18+

US. Rubber $8"pfd.

72

211

U.B. Steel

45%

101

Vanadium

294

BO

Vultee Aircraft

81*

414

Walworth Co

31

Amoy

Karrlook Pano

381

Warner Bros. Pict.

21

Bateria

Loadour

Badron

201

Boney

Maells Salzon

Westinghouse Elec,

861

Calenta"

113

Woodward Iron Cor..

Haiphong

Nagas

191

New York

Bestila

23

50

Chase National Bank National City Bank

283*

Eapolala

Parla

Besarang

Kone

Palping

221-

-bid.

tx div.

May 30, 1940.

t